I think the general rule of thumb is, wherever money moves to, people will absorb it - in the same way bacteria or fungi absorbs biological material. This is not often greed but the result of a chaotic system of (mostly) rational actors trying to eek out a living.

This can not only be seen by the masters degrees available - (higher ed. Administration , healthcare administration , etc.) but also ironically by those higher education institutions themselves. As student financing dollars go toward schools, people are there to absorb those dollars through employment in higher education and it's ecosystem. One could argue the merits of having decades of student future salaries garnished to subsidize employment at these institutions, but try explaining that to someone with a career in higher education. This is just one example of the push and pull of providing employment compared to the mandate of efficient production.

Of course the stakeholders funding institutions must decide the merits of employment programs (in the form of non profits) vs. the merits of the production of the institution. The answer, being complex may only be born though strong citizen engagement in civic processes where one advocates for and directs the mandate of that institution.